Housing Market

Recent Posts in Housing Market

  • Moody’s Corp. agreed to pay nearly $864 million to settle federal and state claims, acknowledging that they did not follow their own standards and inflated ratings to risky mortgage investments. $437.5 million will go to the Justice Department ...
  • The Academy Award-winning and Oscar-winning film “The Big Short” received praise from audiences and critics alike, and for good reason – it did a commendable job explaining the 2008 mortgage crisis in a digestible and entertaining ...
  • Millions of people lost their homes when the housing crisis struck in 2008. After the banking system thoroughly failed American families, private equity firms and other investors swooped in to try and save the day – but now, it appears that ...
  • Legal & Economic Issues in Subprime Litigation

    A Harvard Law School discussion paper from 2008, right around the time of the subprime mortgage industry crisis, highlights the legal and economic consequences of current difficulties in the subprime mortgage market. In Legal and Economic Issues in ...
  • Systemic foreclosure fraud was rampant in the years leading up to the 2008 financial crisis, throwing into question our nation’s entire property records system and causing millions of people to wrongfully lose their homes. A 2009 ruling out of ...
  • David Dayen of the Daily Kos recently published a book on the story of three South Floridians and their role in uncovering the largest crime against consumers in American history: foreclosure fraud. Mortgage companies that had no legal right to ...
  • Fannie Mae and Freddie Mac have announced the first-ever principal reduction loan modification program for homeowners with underwater mortgages – excellent news for both homeowners and investors. The implementation of this program is an ...
  • America's Foreclosure Crisis is Far From Over

    In our previous blog, we talked about the $5.1 billion settlement that Goldman Sachs is responsible for paying as recompense for its part in the 2008 mortgage scandal. As part of this settlement, $1.8 billion is to be earmarked to help struggling ...
  • Goldman Sachs to Settle Federal Probe for $5.1B

    Investment bank Goldman Sachs Group is set to settle a government probe into how it handled mortgage-backed securities to the tune of $5.1 billion dollars. The bank will pay a civil penalty of $2.39 billion, $1.8 billion in consumer relief, and ...
  • Return of the Homebuyer

    The ups and downs of the housing market have greatly influenced America’s economy over the last decade. After taking a disturbing plunge in the mid-2000s, the housing market has had a long way to go. Some analysts see a renewed hope in the ...